The Daily Money: Stocks are soaring. Will it last?
Good morning! It’s Daniel de Visé with your Daily Money.
U.S. stocks are having a good week. The broad S&P 500 and tech-laden Nasdaq scored fresh record highs on Monday, closing out their best three months in more than a year.
With so much uncertainty in the world, why are investors feeling so upbeat?
DEI backlash is slowing
For months now, President Trump’s threat to strip federal contracts from corporations that support diversity, equity and inclusion initiatives has driven a sharp U-turn in corporate America, with the private sector rushing to distance itself from policies it once favored.
But a new study, tracking DEI changes inside the nation’s biggest corporations, shows that the DEI backlash has slowed. What's going on here?
Trump tax bill nears finish line
As the sun rose in Washington on Tuesday, senators passed their twentieth hour of debate on President Donald Trump's tax, spending and policy bill − with the finish line still unclear.
The legislation includes provisions on Medicaid reform, increased border security funding and limits to taxes on tips and overtime wages. The outcome in Congress is expected to be either a defining legislative win for Trump or a major setback early in his second term.
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from Paste BN, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.